The UK-domiciled daily dealing Nurs fund will have an unconstrained portfolio that invests in collectives and direct investments in real assets, alternative credit and diversifiers.
It targets a cash return of +4% per annum over rolling five-year periods with lower volatility than equity markets.
The Diversified Liquid Alternatives fund is the first product launched by the asset manager’s alternative strategies team, which was set up early this year under Matthew Roberts.
Roberts was brought in from Willis Towers Watson where he was a portfolio manager for the Towers Watson Partners Fund.
Fulcrum said that Roberts and his team will be supported by its 27-strong research and investment team and will draw on the team’s experience managing hedge funds and third party-long-only funds.
The asset manager also said the fund will have a “significant ESG research input”.
Commenting on the fund launch, Roberts said:
“The demand for liquid alternative strategies is growing as investors are seeking greater diversification and risk-adjusted returns. We will be nimble to innovative new investment ideas and will generally hold our investments for a long time. We also have an objective approach to implementation and have structured the fund with a flat fee as we believe this is very important for our clients.”